Strategic Alliance Formed: Four Institutions to Combat Counterfeit Goods Using Innovative Technology
Four key state institutions have forged a groundbreaking Memorandum of Understanding (MoU) aimed at tackling the menace of counterfeit goods. The official signing ceremony took place on 14 August 2023, heralding a new era in the battle against illicit and harmful products. Under the aegis of this MoU, the Management Enterprise of Transfer Stations and Solid Waste Landfills, after meticulous res...
Read MoreDanong Development Group: Pioneering a US$12.7bn Agro-Industry Revolution Across Six Cambodian Provinces
In a landmark move poised to redefine Cambodia's agricultural landscape, China's Danong Development Group has unveiled a visionary investment initiative, setting its sights on a colossal investment of over US$12.7 billion spanning six strategic provinces. The announcement, unveiled during an exclusive press conference by BDN TV online on 14 August marks a monumental leap forward in Cambodia's econ...
Read MoreChina Invests US$3.95bn on UHV DC Transmission Line to Connect Two Regions
China has taken another monumental step towards its clean energy goals as the construction of an ultra-high voltage direct current (UHV DC) transmission line spanning an impressive 1,634km has commenced. The State Grid Corporation of China, the driving force behind this visionary project, revealed that it involves a substantial investment of approximately US$3.95 billion (28.1 billion CNY), accord...
Read MoreCambodia Pioneers Energy Efficiency with New Electrical Appliance Management Sub Decree
In a resolute move towards sustainable energy practices, the Cambodian government has introduced a groundbreaking sub-decree aimed at enhancing the energy efficiency of electrical appliances across the nation. Unveiled under Sub-Decree No. 254, dated 11 August 2023, the legislation outlines a comprehensive framework to govern the responsible use of electricity by mandating adherence to specifie...
Read MoreCP Foods Launches First Carbon-Free Cage Egg in Asian Market
In a remarkable stride towards sustainable eating and animal welfare, Charoen Pokphand Foods Plc (CP Foods) has introduced an unprecedented innovation - Asia's inaugural carbon-neutral cage-free egg. This pioneering creation, certified by the Thailand Greenhouse Gas Management Organization (TGO), underscores CP Foods' resolute commitment to reducing its ecological footprint. CP Foods' relentles...
Read MoreProperty Insurance Premiums Reach US$10.7 Million in Q2 2023
The dynamic landscape of Cambodia's insurance sector continues to make waves as property insurance premiums surged to an impressive US$10.7 million in Q2 of 2023. A report, recently released by the Insurance Regulator of Cambodia, sheds light on the sector's resilience and growth. Comparing this data with the preceding quarter of 2023 (read more), a decrease of US$3.3 million is evident, markin...
Read MoreMoT Approved Master Plan to Transform Kep into High-End Luxury Tourist Haven
The Cambodian government, with its sights set on fostering unparalleled tourism growth, has granted approval to the Kep Tourism Development Master Plan 2023-2035. This strategic blueprint is set to reshape Kep, infusing it with new dimensions of luxury and allure. This master plan charts an ambitious trajectory for Kep, envisioning its metamorphosis into a premier tourist destination and a capt...
Read MoreCambodia’s Ambitious Climate Agenda Requires US$7.8 Billion for Implementation
Cambodia has set its sights on robust climate change protection, with a financial requirement of approximately US$7.8 billion to realize its commitments under the United Nations Framework Convention on Climate Change (Nationally Determined Contribution: NDC). HE Tin Ponlok, a key advocate for Cambodia's environmental priorities, emphasized this need during a productive bilateral working meeting wi...
Read MoreSihanoukville’s Third Wastewater Treatment Plant Worth US$20M Successfully Completed
A significant achievement in environmental infrastructure has been marked by the completion of Sihanoukville's third wastewater treatment plant. The announcement was made following an inspection visit by the National Committee for Coastal Management and Development of Cambodia, led by HE Deputy Prime Minister Chea Sophara, on 11 August 2023. Harnessing the cutting-edge Membrane Aerated Biofilm ...
Read More2nd Reminder: Fulfil Your Property Tax Obligations by 30 September 2023
Property owners across the nation are receiving a crucial reminder as the General Department of Taxation (GDT) issues its second announcement urging prompt compliance with property tax and land tax obligations by the looming deadline of 30 September 2023. The announcement, dated 11 August 2023, underscores the significance of meeting tax declaration requirements within the stipulated timeframe....
Read MoreKoh Yor Thmey Bridge, Koh Kong, Completed 100% Ready for Traversing Ahead of Formal Unveiling
The picturesque province of Koh Kong is celebrating a significant milestone as the new Koh Yor Thmey Bridge reaches completion, offering temporary access to citizens and tourists ahead of its official inauguration slated for mid-October. Mr. On Davuth, Director of the Department of Public Works and Transport in Koh Kong province, shared during an interview with BTV on 7 August 2023, "Recognisin...
Read MoreKoh Pich-Koh Norea Bridge Linked by End August, Ready for Grand Opening by November
The Koh Pich-Koh Norea Bridge, built by OCIC, is reaching its final phases of construction. The much-awaited link that will seamlessly unite the bustling hub of Koh Pich with the allure of Koh Norea is set to be physically connected by the end of August. The entire construction process is expected to culminate by October, paving the way for a momentous soft inauguration in early November. In an...
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